Brazilian industrial confidence crashed to its lowest level on record in April, a survey showed as the lockdowns and sudden halt to swathes of activity lashed Latin America’s largest economy.
In the midst of the chaotic situation caused by the pandemic, the Argentine government announced the abandonment of Mercosur negotiations to prioritize the country’s domestic economy and the struggle against the virus. The rest of the bloc members must evaluate legal, institutional, and operational measures emerging from the decision.
Argentina will extend a mandatory nationwide quarantine period until May 10 in a bid to combat the advance of the coronavirus, President Alberto Fernandez announced on Saturday. The Argentine government-imposed shelter-in-place measure, in effect since mid-March, had been set to expire on Sunday.
Chile's Navy is preparing to sail two recently retired Australian warships out of Sydney after purchasing them in a deal believed to be worth more than US$ 70 million. Ex-Adelaide-class frigates HMAS Melbourne and HMAS Newcastle were quietly commissioned into their new service this month during a formal handover ceremony between both navies.
Brazilian planemaker Embraer SA has been thrust into an uncertain future with no immediate plan B, while not ruling out seeking a bailout after Boeing Co jettisoned a US$ 4.2 billion commercial aerospace tie-up amid the coronavirus crisis.
Seventeen police officers in Peru have died after contracting novel coronavirus while enforcing the nation's pandemic lockdown, officials and state media said. Authorities admitted earlier this week that at least 1,300 officers had been infected by COVID-19.
Prime Minister Boris Johnson returned to his Downing Street residence on Sunday after recovering from COVID-19, ready to take the helm again with pressure growing for the government to explain how it will ease a month-old coronavirus lockdown.
Russia pushes ahead with plans to ensure year-round navigation along the Northern Sea Route. The Leader-class icebreaker also referred to as LK-120Ya, will be twice as powerful as the country’s current nuclear icebreakers.
The Spanish region of Galicia makes merits every year to be considered a world power in aquaculture. And all thanks to the mussel grown in its 3,300 rafts. A product of which 255,514 tons were sold last year, generating revenues of almost 112 million Euros.
Chile has approved US$ 1.9bn worth of railway investment between 2020 and 2022, including the US$ 1.3bn link planned between the capital, Santiago, and Melipilla, a city some 70km to the southwest.